South Korea’s Kogas boosts July sales

South Korea’s Kogas, the world’s second-largest corporate buyer of LNG, reported a 10.5 percent increase in its domestic gas sales in July.

According to the Kogas’ monthly sales report, the July natural gas sales volumes reached 2.36 million tonnes of LNG equivalent, compared to 2.13 million tonnes of LNG in the corresponding month last year.

Sales in the power generation sector rose 8 percent to 1.37 million tonnes while city gas sales reached 0.98 million tonnes, up by 14.2 percent on year, Kogas said.

Kogas operates in total 72 LNG storage tanks in South Korea. It imports about 96 percent of Korea’s LNG demand via its four terminals, namely Incheon, Pyeongtaek, Tongyeong and Samcheok.

LNG World News Staff